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Economy

Chinese-brand auto sales soar 24.2 pct in Jan-Nov

December 12, 2022


Abstract : Sales of Chinese-brand passenger vehicles continued their trend of robust expansion in the first 11 months of this year, increasing their market share further, industry data shows.

People visit the booth of Chinese carmaker BYD during the China Motor Show (Tianjin) 2022 in north China's Tianjin, Nov. 10, 2022. (Xinhua/Sun Fanyue)

BEIJING, Dec. 9 (Xinhua) -- Sales of Chinese-brand passenger vehicles continued their trend of robust expansion in the first 11 months of this year, increasing their market share further, industry data shows.

During the period, about 10.48 million Chinese-brand passenger vehicles were sold in the Chinese market, surging 24.2 percent year on year, according to the China Association of Automobile Manufacturers.

The domestic market share of these vehicles was 49.2 percent in the January-November period, up 5 percentage points from a year ago.

In November alone, sales of domestic auto brands rose 9.8 percent year on year to near 1.13 million units. They accounted for 54.4 percent of the country's total passenger car sales last month, up 7.6 percentage points from a year earlier.

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Keyword: auto passenger vehicles

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